ESPACE MARKET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ESPACE MARKET
Largest movements
- Stocks and contracts +€85,340
up €85,340 (+44.7%), from €190,740 to €276,080
- Cash -€64,090
down €64,090 (-74.3%), from €86,315 to €22,225
mainly Stocks and contracts (-€85,340) and Trade debts (-€39,172)
- Receivables within one year -€29,380
down €29,380 (-83.9%), from €35,037 to €5,657
of which Trade receivables: -€20,487
- Tangible fixed assets -€6,227
down €6,227 (-37.8%), from €16,478 to €10,251
of which Furniture and vehicles: -€4,230
- Trade debts -€39,172
down €39,172 (-38.7%), from €101,167 to €61,995
- Profit (loss) carried forward +€15,670
up €15,670 (+10.1%), from €155,244 to €170,914
- Other debts +€5,000
new in 2025: €5,000
- Staff costs +€10,882
up €10,882 (+3.4%), from €316,460 to €327,342
- Depreciation -€8,096
down €8,096 (-56.5%), from €14,322 to €6,226
- Gross operating margin -€5,636
down €5,636 (-1.5%), from €372,905 to €367,269
- Taxes -€4,687
down €4,687 (-31.7%), from €14,799 to €10,112
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,418 | €354,514 | -€16,904 | -4.6% |
| Fixed assets | 21/28 | €23,030 | €16,803 | -€6,227 | -27.0% |
| Tangible fixed assets | 22/27 | €16,478 | €10,251 | -€6,227 | -37.8% |
| Plant, machinery and equipment | 23 | €4,644 | €3,483 | -€1,161 | -25.0% |
| Furniture and vehicles | 24 | €7,655 | €3,425 | -€4,230 | -55.3% |
| Other tangible fixed assets | 26 | €4,179 | €3,343 | -€836 | -20.0% |
| Financial fixed assets | 28 | €6,552 | €6,552 | = | 0.0% |
| Current assets | 29/58 | €348,388 | €337,711 | -€10,677 | -3.1% |
| Stocks and contracts in progress | 3 | €190,740 | €276,080 | +€85,340 | +44.7% |
| Stocks | 30/36 | €190,740 | €276,080 | +€85,340 | +44.7% |
| Amounts receivable within one year | 40/41 | €35,037 | €5,657 | -€29,380 | -83.9% |
| Trade receivables | 40 | €26,144 | €5,657 | -€20,487 | -78.4% |
| Other amounts receivable | 41 | €8,893 | - | -€8,893 | |
| Current investments | 50/53 | €4,289 | €4,311 | +€22 | +0.5% |
| Cash at bank and in hand | 54/58 | €86,315 | €22,225 | -€64,090 | -74.3% |
| Deferred charges and accrued income | 490/1 | €32,007 | €29,438 | -€2,569 | -8.0% |
| Total equity and liabilities | 10/49 | €371,418 | €354,514 | -€16,904 | -4.6% |
| Equity | 10/15 | €203,805 | €219,475 | +€15,670 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,961 | €29,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,961 | €29,961 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €29,961 | +€28,101 | +1,511% |
| Reserves not available under the articles | 1311 | €28,101 | - | -€28,101 | |
| Profit (loss) carried forward | 14 | €155,244 | €170,914 | +€15,670 | +10.1% |
| Amounts payable | 17/49 | €167,613 | €135,039 | -€32,574 | -19.4% |
| Amounts payable within one year | 42/48 | €167,613 | €135,039 | -€32,574 | -19.4% |
| Trade debts | 44 | €101,167 | €61,995 | -€39,172 | -38.7% |
| Suppliers | 440/4 | €101,167 | €61,995 | -€39,172 | -38.7% |
| Taxes, remuneration and social security | 45 | €66,446 | €68,044 | +€1,598 | +2.4% |
| Taxes | 450/3 | €6,588 | €4,746 | -€1,842 | -28.0% |
| Remuneration and social security | 454/9 | €59,858 | €63,298 | +€3,440 | +5.7% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €316,460 | €327,342 | +€10,882 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,322 | €6,226 | -€8,096 | -56.5% |
| Other operating charges | 640/8 | €11,056 | €10,948 | -€108 | -1.0% |
| Gross operating margin | 9900 | €372,905 | €367,269 | -€5,636 | -1.5% |
| Operating profit (loss) | 9901 | €31,067 | €22,753 | -€8,314 | -26.8% |
| Financial income | 75/76B | €3,142 | €5,977 | +€2,835 | +90.2% |
| Recurring financial income | 75 | €20 | €51 | +€31 | +155% |
| Non-recurring financial income | 76B | €3,122 | €5,926 | +€2,804 | +89.8% |
| Financial charges | 65/66B | €2,045 | €2,948 | +€903 | +44.2% |
| Recurring financial charges | 65 | €2,045 | €2,948 | +€903 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €32,164 | €25,782 | -€6,382 | -19.8% |
| Income taxes | 67/77 | €14,799 | €10,112 | -€4,687 | -31.7% |
| Profit (loss) for the period | 9904 | €17,365 | €15,670 | -€1,695 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,365 | €15,670 | -€1,695 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.